Insights on the Synthetic Aperture Radar Global Market to 2027 - by Component, Mode, Frequency Band, Platform, Application and Region
DUBLIN, March 4, 2022 /PRNewswire/ -- The "Synthetic Aperture Radar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global synthetic aperture radar market reached a value of US$ 3.42 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 6.64 Billion by 2027 exhibiting a CAGR of 11.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Furthermore, SAR instruments are gaining traction over conventional optical imaging technology and observation satellites as they can provide detailed information about the surfaces of the Earth. Besides this, due to rising geopolitical tensions and increasing security concerns, defense organizations across the globe are relying on SAR satellites for surveillance, reconnaissance, and precision targeting, which is impelling the market growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players eing Airbus SE, Aselsan, BAE Systems plc, Cobham Limited, General Atomics, Israel Aerospace Industries, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB and Thales Group.
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SOURCE Research and Markets